Malaysian oil large and Mercedes F1 title sponsor Petronas has formally ended hypothesis it was set to exit Method 1 by agreeing a brand new ‘long-term’ sponsorship cope with the title successful staff.
The corporate has title backed the Mercedes staff for the reason that German producer returned to the game in 2010, although its involvement within the sport stretches again to 1995 when it initially discovered worldwide recognition as a outstanding backer of the Sauber staff and later BMW.
Even so, rumours of Petronas’ exit from the game had been fuelled by the Malaysia was dropping off the F1 calendar after this season’s occasion after 18 years on the schedule.
Nonetheless, regardless of Petronas’ involvement within the Sepang occasion, President and CEO Datuk Wan Zulkiflee Wan Ariffin says it doesn’t suggest the tip of the corporate’s profitable partnership with Mercedes.
“There’s a renewed vitality and a brand new stage of vitality within the sport this yr. With new guidelines and laws for this yr, and plenty of new issues for the followers, the game is rising when it comes to viewers and that is nice. And for all of us at PETRONAS, we all know that the technical contribution can be much more essential this yr due to the stiff competitors from our rivals.”
Final month former staff proprietor and Channel four pundit Eddie Jordan angered Mercedes boss Toto Wolff by suggesting Petronas on its approach out of the game, saying such ‘pretend information was unnecessarily unsettling for the staff’s staff’
Nonetheless, Mercedes makes some extent in its communication that the deal was in reality agreed again in 2016 however is just being revealed now.